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The first statement is correct. The Parliament of India indeed has the power to place a particular law in the Ninth Schedule of the Constitution of India. The Ninth Schedule was introduced in the Constitution to protect the laws included in this schedule from judicial scrutiny.
The second statement, however, is incorrect. Following the judgement of the Supreme Court in the case of I.R. Coelho vs. State of Tamil Nadu, the laws placed in the Ninth Schedule can undergo judicial review if they violate the basic structure of the constitution. This means that courts do have the authority to examine the validity of a law included in the Ninth Schedule and pass judgement on it.
Options 2, 3, and 4 are incorrect as they either claim the second statement is correct or both are incorrect. Only option 1 is correct as it agrees with the first statement only.